PUBLISHER: The Business Research Company | PRODUCT CODE: 1619457
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619457
Binoculars are optical devices equipped with two telescopic lenses that enable users to observe distant objects with both eyes, offering a three-dimensional perspective and enhanced detail. Mounting solutions, which include tripod mounts, harnesses, and adapters, are designed to stabilize and secure binoculars, improving usability and comfort.
The primary types of binoculars and mounting solutions involve single-coated and multi-coated lenses. Single-coated lenses feature a single layer of anti-reflective coating on their surface, which helps reduce glare and improve light transmission, thereby enhancing image clarity and contrast. Magnification options are categorized as 1X, 2X, 3X, 4X, and above 4X, suitable for applications in defense, maritime, land surveying, and space.
The binoculars and mounting solutions market research report is one of a series of new reports from the business research company that provides binoculars and mounting solutions market statistics, including binoculars and mounting solutions industry global market size, regional shares, competitors with an binoculars and mounting solutions market share, detailed binoculars and mounting solutions market segments, market trends and opportunities, and any further data you may need to thrive in the binoculars and mounting solutions industry. This binoculars and mounting solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The binoculars and mounting solutions market size has grown strongly in recent years. It will grow from $4.29 billion in 2023 to $4.54 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth during the historic period can be attributed to increased spending on luxury products, a significant demand for positioning in cargo management systems, a rise in large construction projects, the expansion of the tourism industry, and a surge in outdoor recreational activities.
The binoculars and mounting solutions market size is expected to see strong growth in the next few years. It will grow to $5.72 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to rising income levels, increased use of digital binoculars, and growing demand for higher-quality optics for outdoor activities such as bird watching, hunting, and stargazing. The increasing popularity of outdoor activities, along with a heightened interest in wildlife observation and astronomical studies, also contribute to this growth. Major trends during this period include the development of technologically advanced positioning systems, the introduction of customized and enhanced products, innovative cargo management systems, advancements in design technology, and the creation of new and improved products.
The growing popularity of outdoor recreational activities is set to drive the expansion of the binoculars and mounting solutions market in the coming years. Outdoor recreational activities encompass leisure pursuits in natural settings, such as hiking, camping, fishing, and cycling, which offer physical exercise, relaxation, and enjoyment. The surge in these activities is fueled by trends in health and wellness, increased environmental awareness, and a thirst for adventure. Binoculars and mounting solutions enhance these experiences by providing clear, stable views of distant landscapes and wildlife, enriching activities such as birdwatching, stargazing, and nature observation. For example, the 2023 Outdoor Participation Trends Report by the Outdoor Industry Association, a U.S.-based trade organization, noted a 2.3% increase in outdoor recreation participants in 2022, reaching a record 168.1 million people, or 55% of the U.S. population aged six and older. Consequently, this surge in outdoor activities has fueled the growth of the binoculars and mounting solutions market.
Leading companies in the binoculars and mounting solutions industry are developing compact binoculars with advanced components, such as field flattener lenses, to enhance portability and convenience for outdoor enthusiasts. These lenses offer crystal-clear, sharp images from edge to edge, delivering exceptional color fidelity, light intensity, and magnification for detailed nature observation. For instance, in June 2024, Swarovski Optik, an Austrian optical instrument manufacturer, introduced the NL Pure 52 binoculars, specifically the NL Pure 14x52 model. This model provides 14x magnification with a 52 mm lens, delivering sharp, true-to-life images even at distances exceeding 1,000 meters. It also features Swarovision technology for edge-to-edge clarity, making it ideal for nature lovers. The ergonomic waist design ensures comfort during extended use, and with a 93-meter field of view at 1,000 meters and a twilight factor of 27.0, these binoculars perform exceptionally well in low-light conditions. Weighing 1,020 grams and built to be waterproof, they are designed for durability in challenging environments.
In March 2024, Kopin Corporation, a US-based provider of application-specific optical solutions and high-performance micro-displays, partnered with BlueHalo LLC to design, develop, and produce advanced simulated binoculars and monoscopes for use in BlueHalo's Advanced Stinger Trainer (AST) system. These new products are expected to offer significantly improved performance compared to existing systems, further expanding Kopin's well-established line of Training & Simulation products. BlueHalo LLC, also based in the US, specializes in developing and marketing technologies for national security and defense.
Major companies operating in the binoculars and mounting solutions market are Canon Inc, Fujifilm Holdings Corporation, Carl Zeiss AG, Nikon Corporation, Tasco Inc., Leica Camera AG, Swarovski Optik, Burris Sports Optics Co., Vortex Optics, Meopta optika s.r.o., Kowa Co. Ltd, Celestron LLC, Carson Optical Inc, Gitzo S A, Steiner Optics Inc, Barska Optics, Bushnell Inc, Alpen Outdoor Corporation, The Brunton Company, Pentax Corp, Skypoint Apparatus, S4Gear, Lunt Engineering USA, Hawke Optics LLC, Steiner-Optik GmbH
North America was the largest region in the binoculars and mounting solutions market in 2023. The regions covered in the binoculars and mounting solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the binoculars and mounting solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The binoculars and mounting solutions market consists of sales of binocular harnesses, field cases and straps, tripod adapters, rain guards and lens caps and binocular harnesses, high-power binoculars, compact binoculars, digital binoculars, night vision binoculars, roof prism binoculars. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Binoculars And Mounting Solutions Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on binoculars and mounting solutions market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for binoculars and mounting solutions ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The binoculars and mounting solutions market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.